Lee Soo Man’s Surprising Transfer Amid SM Leisure Points Attracts Laughter from Okay-pop Followers TERMAN WEBSITE

Whereas SM Leisure is at present dealing with back-to-back points, Okay-pop followers are laughing on the current transfer of Lee Soo Man, the label’s founder, who was kicked out in the course of the HYBE vs Kakao acquisition battle.

For the reason that begin of 2024, SM, one of many largest South Korean leisure firms, has been dealing with a number of controversies involving its artists in addition to inside affairs.

Amid all of those, Korean netizens are interested by the place Lee Soo Man is now, the founding father of the corporate, who spent 30 years since 1995 defending its legacy as “Father of Okay-pop.”

Lee Soo Man Sparks Laughter After Being Noticed at Taylor Swift Live performance Amid SM ‘Crumble’

Lee Soo Man
(Picture : Instagram: @smtown)
SM Leisure’s Founder Lee Soo Man 

With SM dealing with numerous points, Okay-pop followers can not help however blame SM’s present key folks; CEO Jang Cheol Hyuk, CAO Chris Lee and COO Tak Younger Joon who’re letting all of this occur.

Pink Bloods (SM stans) additionally thought that none of this is able to occur in the event that they did not kick out of Lee Soo Man attributable to a current infighting that occurred amid HYBE vs. Kakao acquisition over SM.

Lee Soo Man Explains Concept of CAWMAN and 'Pink Blood' + Introduces NFTs Role in K-pop
(Picture : SM Leisure emblem (News1))

Regardless of their anger and “cold and warm” relationship with the founder, netizens cannot deny his expertise in managing its artists to keep away from these issues though he’s missing in different fields more often than not.

Whereas some visualized Lee Soo Man feeling dangerous seeing what’s taking place to the label he constructed half of his life, Okay-pop fans bursted with laughter after realizing that it was the opposite approach round.

Amid all SM’s points, Lee was seen having his time watching Taylor Swift’s live performance in Singapore alone, and it appeared like he did not thoughts no matter was taking place in Okay-pop.

This sudden transfer occurred after he offered all of his remaining SM shares to HYBE, fully leaving his former firm to his nephew’s fingers.

With this, Okay-pop followers exclaimed that Lee by no means didn’t do the funniest issues and left feedback on X.

What Will Occur to SM Leisure?

At first of the yr, SM Leisure suffered a number of monetary losses after the lower in album gross sales, to not point out the variety of its artists who left the company corresponding to Tremendous Junior and EXO.

SM continued to face threats to its property following aespa Karina’s courting difficulty and mistreatment of aespa members, which led to rising boycotts from the fandom.

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(Picture : SMCU Specific (News1))

On March 5 then, SHINee, one in every of its largest moneymakers who’ve been loyal to them for 16 years, additionally confirmed Taemin, Onew’s departure from the label, and followers suppose it is just a matter of time earlier than extra of its unique artists will depart the company one after the other as properly.

With Kakao and HYBE holding a number of the largest shares in SM Leisure, there’s an rising expectation of how will they intervene within the points and the way will have an effect on SM artists.

Earlier, Kakao already hinted at its transfer, asserting that it’s going to change SM officers together with its executives who ousted Lee Soo Man.

READ MORE: Kakao to Kick Out SM Leisure Executives Who Ousted Lee Soo Man — Extra Particulars Right here!

For extra Okay-Pop information and updates, hold your tabs open right here at KpopStarz.

KpopStarz owns this text.

Written by Eunice Dawson.

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